Tips for affordable rates for the home loan!!
Home Loan Tips: By adopting these tips, you can also take a home loan at affordable rates, know what is the way
Due to the Corona epidemic and the Russia-Ukraine war, the pace of inflation has increased significantly around the world. india is also not untouched by this effect of rising inflation. This is a major reason, why the reserve bank of india has recently increased the repo rate by 0.90 percent. Due to this, the loan rates in the country are seeing a significant increase.
As recently as a few months back home loan rates were in the range of 6.40-6.80 percent. At the same time, after increasing the repo rate by the RBI, the loan rates have increased to between 7.30-7.70 percent.
In such a situation, when taking a home loan, you will have to pay higher interest rates than before. In this episode, today we are going to tell you about those measures, by adopting which you can take a home loan to build a house or buy a house at affordable rates. Let's know about it –
It is often seen that in the case of refinancing, banks offer home loans to the customers at interest rates lower than the advertised rates. However, you have to meet the eligibility criteria to avail of this exemption.
Many times banks or loan-offering institutions give loans to women at the lowest rates. In such a situation, try to apply for a joint loan with a woman in your family while taking the loan. In this situation, you can get a loan at lower interest rates than before